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Investments (Tables)
12 Months Ended
Dec. 31, 2015
Investments [Abstract]  
Summary Of Unrealized Appreciation (Depreciation) Of Available For Sale, Fixed Maturity And Equity Security Investments
At December 31, 2015
 
   
Amortized
   
Unrealized
   
Unrealized
   
Market
   
OTTI in AOCI
 
(Dollars in thousands)
 
Cost
   
Appreciation
   
Depreciation
   
Value
   
(a)
 
Fixed maturity securities
                   
U.S. Treasury securities and obligations of
                   
U.S. government agencies and corporations
 
$
329,281
   
$
2,422
   
$
(718
)
 
$
330,985
   
$
-
 
Obligations of U.S. states and political subdivisions
   
669,945
     
34,020
     
(890
)
   
703,075
     
-
 
Corporate securities
   
2,011,997
     
27,286
     
(70,725
)
   
1,968,558
     
(86
)
Asset-backed securities
   
145,755
     
290
     
(1,063
)
   
144,982
     
-
 
Mortgage-backed securities
                                       
Commercial
   
61,527
     
1,430
     
(511
)
   
62,446
     
-
 
Agency residential
   
714,907
     
3,994
     
(6,603
)
   
712,298
     
-
 
Non-agency residential
   
126
     
24
     
-
     
150
     
-
 
Foreign government securities
   
447,244
     
24,255
     
(8,425
)
   
463,074
     
-
 
Foreign corporate securities
   
954,690
     
27,616
     
(11,397
)
   
970,909
     
17
 
Total fixed maturity securities
 
$
5,335,472
   
$
121,337
   
$
(100,332
)
 
$
5,356,477
   
$
(69
)
Equity securities
 
$
-
   
$
-
   
$
-
   
$
-
   
$
-
 



   
At December 31, 2014
 
   
Amortized
   
Unrealized
   
Unrealized
   
Market
   
OTTI in AOCI
 
(Dollars in thousands)
 
Cost
   
Appreciation
   
Depreciation
   
Value
   
(a)
 
Fixed maturity securities
                   
U.S. Treasury securities and obligations of
                   
U.S. government agencies and corporations
 
$
135,724
   
$
1,416
   
$
(304
)
 
$
136,836
   
$
-
 
Obligations of U.S. states and political subdivisions
   
783,129
     
41,969
     
(626
)
   
824,472
     
-
 
Corporate securities
   
1,992,200
     
39,954
     
(53,219
)
   
1,978,935
     
(9,735
)
Asset-backed securities
   
94,470
     
727
     
(374
)
   
94,823
     
-
 
Mortgage-backed securities
                                       
Commercial
   
57,027
     
2,292
     
(51
)
   
59,268
     
-
 
Agency residential
   
596,140
     
6,697
     
(4,720
)
   
598,117
     
-
 
Non-agency residential
   
271
     
44
     
-
     
315
     
-
 
Foreign government securities
   
515,016
     
27,415
     
(5,344
)
   
537,087
     
-
 
Foreign corporate securities
   
1,061,546
     
27,832
     
(25,820
)
   
1,063,558
     
-
 
Total fixed maturity securities
 
$
5,235,523
   
$
148,346
   
$
(90,458
)
 
$
5,293,411
   
$
(9,735
)
Equity securities
 
$
15
   
$
1
   
$
-
   
$
16
   
$
-
 


(a)  Represents the amount of OTTI recognized in AOCI.  Amount includes unrealized gains and losses on impaired securities relating to changes in the value of such securities subsequent to the impairment measurement date.
Summary Of Amortized Cost And Market Value Of Fixed Maturity Securities, By Contractual Maturity
   
At December 31, 2015
   
At December 31, 2014
 
   
Amortized
   
Market
   
Amortized
   
Market
 
(Dollars in thousands)
 
Cost
   
Value
   
Cost
   
Value
 
Fixed maturity securities – available for sale
               
    Due in one year or less
 
$
330,029
   
$
330,509
   
$
385,721
   
$
384,022
 
    Due after one year through five years
   
2,617,079
     
2,618,056
     
2,387,533
     
2,369,917
 
    Due after five years through ten years
   
870,266
     
856,230
     
1,025,221
     
1,029,077
 
    Due after ten years
   
595,783
     
631,806
     
689,140
     
757,872
 
Asset-backed securities
   
145,755
     
144,982
     
94,470
     
94,823
 
Mortgage-backed securities
                               
Commercial
   
61,527
     
62,446
     
57,027
     
59,268
 
Agency residential
   
714,907
     
712,298
     
596,140
     
598,117
 
Non-agency residential
   
126
     
150
     
271
     
315
 
Total fixed maturity securities
 
$
5,335,472
   
$
5,356,477
   
$
5,235,523
   
$
5,293,411
 
Summary Of Changes In Net Unrealized Appreciation (Depreciation) For The Company's Investments
   
Years Ended December 31,
 
(Dollars in thousands)
 
2015
   
2014
 
Increase (decrease) during the period between the market value and cost
       
of investments carried at market value, and deferred taxes thereon:
       
Fixed maturity securities
 
$
(46,548
)
 
$
(17,697
)
Fixed maturity securities, other-than-temporary impairment
   
9,666
     
(9,735
)
Equity securities
   
(1
)
   
3
 
Change in unrealized  appreciation (depreciation), pre-tax
   
(36,883
)
   
(27,429
)
Deferred tax benefit (expense)
   
16,292
     
6,193
 
Deferred tax benefit (expense), other-than-temporary impairment
   
(3,383
)
   
3,407
 
Change in unrealized appreciation (depreciation),
               
net of deferred taxes, included in stockholder's equity
 
$
(23,974
)
 
$
(17,829
)
Summary Of Aggregate Market Value And Gross Unrealized Depreciation Of Fixed Maturity And Equity Securities, By Security Type
Duration of Unrealized Loss at December 31, 2015 By Security Type
 
   
Less than 12 months
   
Greater than 12 months
   
Total
 
       
Gross
       
Gross
       
Gross
 
       
Unrealized
       
Unrealized
       
Unrealized
 
(Dollars in thousands)
 
Market Value
   
Depreciation
   
Market Value
   
Depreciation
   
Market Value
   
Depreciation
 
Fixed maturity securities - available for sale
                       
U.S. Treasury securities and obligations of
                       
U.S. government agencies and corporations
 
$
216,352
   
$
(712
)
 
$
692
   
$
(6
)
 
$
217,044
   
$
(718
)
Obligations of U.S. states and political subdivisions
   
6,434
     
(84
)
   
4,917
     
(806
)
   
11,351
     
(890
)
Corporate securities
   
866,715
     
(49,034
)
   
307,215
     
(21,691
)
   
1,173,930
     
(70,725
)
Asset-backed securities
   
102,506
     
(791
)
   
28,048
     
(272
)
   
130,554
     
(1,063
)
Mortgage-backed securities
                                               
Commercial
   
26,483
     
(511
)
   
-
     
-
     
26,483
     
(511
)
Agency residential
   
320,285
     
(3,094
)
   
150,095
     
(3,509
)
   
470,380
     
(6,603
)
Non-agency residential
   
-
     
-
     
-
     
-
     
-
     
-
 
Foreign government securities
   
61,498
     
(2,182
)
   
77,911
     
(6,243
)
   
139,409
     
(8,425
)
Foreign corporate securities
   
324,904
     
(6,289
)
   
76,951
     
(5,108
)
   
401,855
     
(11,397
)
Total fixed maturity securities
 
$
1,925,177
   
$
(62,697
)
 
$
645,829
   
$
(37,635
)
 
$
2,571,006
   
$
(100,332
)
Equity securities
   
-
     
-
     
-
     
-
     
-
     
-
 
Total
 
$
1,925,177
   
$
(62,697
)
 
$
645,829
   
$
(37,635
)
 
$
2,571,006
   
$
(100,332
)
 
 
Duration of Unrealized Loss at December 31, 2014 By Security Type
 
   
Less than 12 months
   
Greater than 12 months
   
Total
 
       
Gross
       
Gross
       
Gross
 
       
Unrealized
       
Unrealized
       
Unrealized
 
(Dollars in thousands)
 
Market Value
   
Depreciation
   
Market Value
   
Depreciation
   
Market Value
   
Depreciation
 
Fixed maturity securities - available for sale
                       
U.S. Treasury securities and obligations of
                       
U.S. government agencies and corporations
 
$
13,187
   
$
(20
)
 
$
26,897
   
$
(284
)
 
$
40,084
   
$
(304
)
Obligations of U.S. states and political subdivisions
   
20,428
     
(242
)
   
18,199
     
(384
)
   
38,627
     
(626
)
Corporate securities
   
830,928
     
(48,891
)
   
171,207
     
(4,328
)
   
1,002,135
     
(53,219
)
Asset-backed securities
   
62,451
     
(374
)
   
-
     
-
     
62,451
     
(374
)
Mortgage-backed securities
                                               
Commercial
   
11,742
     
(51
)
   
-
     
-
     
11,742
     
(51
)
Agency residential
   
24,230
     
(59
)
   
267,824
     
(4,661
)
   
292,054
     
(4,720
)
Non-agency residential
   
-
     
-
     
-
     
-
     
-
     
-
 
Foreign government securities
   
45,521
     
(913
)
   
53,086
     
(4,431
)
   
98,607
     
(5,344
)
Foreign corporate securities
   
228,733
     
(21,704
)
   
117,713
     
(4,116
)
   
346,446
     
(25,820
)
Total fixed maturity securities
 
$
1,237,220
   
$
(72,254
)
 
$
654,926
   
$
(18,204
)
 
$
1,892,146
   
$
(90,458
)
Equity securities
   
-
     
-
     
-
     
-
     
-
     
-
 
Total
 
$
1,237,220
   
$
(72,254
)
 
$
654,926
   
$
(18,204
)
 
$
1,892,146
   
$
(90,458
)
Summary Of Aggregate Market Value And Gross Unrealized Depreciation Of Fixed Maturity And Equity Securities, By Contractual Maturity
Duration of Unrealized Loss at December 31, 2015 By Maturity
 
   
Less than 12 months
   
Greater than 12 months
   
Total
 
       
Gross
       
Gross
       
Gross
 
       
Unrealized
       
Unrealized
       
Unrealized
 
(Dollars in thousands)
 
Market Value
   
Depreciation
   
Market Value
   
Depreciation
   
Market Value
   
Depreciation
 
Fixed maturity securities
                       
Due in one year or less
 
$
21,780
   
$
(1,577
)
 
$
12,212
   
$
(1,171
)
 
$
33,992
   
$
(2,748
)
Due in one year through five years
   
1,023,437
     
(23,255
)
   
347,203
     
(21,582
)
   
1,370,640
     
(44,837
)
Due in five years through ten years
   
394,978
     
(31,423
)
   
99,335
     
(10,131
)
   
494,313
     
(41,554
)
Due after ten years
   
35,708
     
(2,046
)
   
8,936
     
(970
)
   
44,644
     
(3,016
)
Asset-backed securities
   
102,506
     
(791
)
   
28,048
     
(272
)
   
130,554
     
(1,063
)
Mortgage-backed securities
   
346,768
     
(3,605
)
   
150,095
     
(3,509
)
   
496,863
     
(7,114
)
Total fixed maturity securities
 
$
1,925,177
   
$
(62,697
)
 
$
645,829
   
$
(37,635
)
 
$
2,571,006
   
$
(100,332
)
 
 
Duration of Unrealized Loss at December 31, 2014 By Maturity
 
   
Less than 12 months
   
Greater than 12 months
   
Total
 
       
Gross
       
Gross
       
Gross
 
       
Unrealized
       
Unrealized
       
Unrealized
 
(Dollars in thousands)
 
Market Value
   
Depreciation
   
Market Value
   
Depreciation
   
Market Value
   
Depreciation
 
Fixed maturity securities
                       
Due in one year or less
 
$
12,858
   
$
(550
)
 
$
53,528
   
$
(4,224
)
 
$
66,386
   
$
(4,774
)
Due in one year through five years
   
622,137
     
(51,262
)
   
243,192
     
(6,306
)
   
865,329
     
(57,568
)
Due in five years through ten years
   
467,187
     
(18,958
)
   
66,630
     
(2,018
)
   
533,817
     
(20,976
)
Due after ten years
   
36,615
     
(1,000
)
   
23,752
     
(995
)
   
60,367
     
(1,995
)
Asset-backed securities
   
62,451
     
(374
)
   
-
     
-
     
62,451
     
(374
)
Mortgage-backed securities
   
35,972
     
(110
)
   
267,824
     
(4,661
)
   
303,796
     
(4,771
)
Total fixed maturity securities
 
$
1,237,220
   
$
(72,254
)
 
$
654,926
   
$
(18,204
)
 
$
1,892,146
   
$
(90,458
)
Summary Of Components Of Net Investment Income
   
Years Ended December 31,
 
(Dollars in thousands)
 
2015
   
2014
   
2013
 
Fixed maturities
 
$
188,300
   
$
207,861
   
$
210,416
 
Equity securities
   
34,418
     
34,112
     
36,274
 
Short-term investments and cash
   
964
     
1,190
     
1,090
 
Other invested assets
                       
Limited partnerships
   
19,613
     
29,653
     
36,737
 
Dividends from Parent's shares
   
38,880
     
31,104
     
21,287
 
Other
   
1,804
     
3,620
     
7,328
 
Gross investment income before adjustments
   
283,979
     
307,540
     
313,132
 
Funds held interest income (expense)
   
5,611
     
5,429
     
6,925
 
Interest income from Parent
   
4,300
     
-
     
-
 
Gross investment income
   
293,890
     
312,969
     
320,057
 
Investment expenses
   
(20,637
)
   
(22,658
)
   
(23,061
)
Net investment income
 
$
273,253
   
$
290,310
   
$
296,996
 
                         
(Some amounts may not reconcile due to rounding.)
                       
Summary Of Components Of Net Realized Capital Gains (Losses)
   
Years Ended December 31,
 
(Dollars in thousands)
 
2015
   
2014
   
2013
 
Fixed maturity securities, market value:
           
Other-than-temporary impairments
 
$
(78,833
)
 
$
(38,912
)
 
$
-
 
Gains (losses) from sales
   
(36,299
)
   
(2,711
)
   
3,792
 
Fixed maturity securities, fair value:
                       
Gain (losses) from sales
   
25
     
(3,137
)
   
201
 
Gains (losses) from fair value adjustments
   
(44
)
   
(1,498
)
   
307
 
Equity securities, market value:
                       
Gains (losses) from sales
   
1
     
-
     
-
 
Equity securities, fair value:
                       
Gains (losses) from sales
   
(8,010
)
   
(385
)
   
31,566
 
Gains (losses) from fair value adjustments
   
(39,119
)
   
113,065
     
240,927
 
Other invested assets, fair value:
                       
Gains (losses) from exchange
   
88,354
     
-
     
-
 
Gains (losses) from fair value adjustments
   
29,549
     
140,259
     
446,341
 
Gain on sale of subsidiary
   
94,704
     
-
     
-
 
Short-term investment gains (losses)
   
7
     
(2
)
   
15
 
Total net realized capital gains (losses)
 
$
50,335
   
$
206,679
   
$
723,149
 
Summary Of Gross Gains (Losses) From Sales Of Fixed Maturity And Equity Securities
   
Years Ended December 31,
 
(Dollars in thousands)
 
2015
   
2014
   
2013
 
Proceeds from sales of fixed maturity securities
 
$
546,779
   
$
1,116,743
   
$
619,914
 
Gross gains from sales
   
10,935
     
14,782
     
14,914
 
Gross losses from sales
   
(47,209
)
   
(20,630
)
   
(10,921
)
                         
Proceeds from sales of equity securities
 
$
567,085
   
$
528,958
   
$
612,516
 
Gross gains from sales
   
26,136
     
17,921
     
40,191
 
Gross losses from sales
   
(34,146
)
   
(18,306
)
   
(8,925
)